February 1, 2019 (MLN): Following another contractionary stance by the Monetary Policy Committee, the trading floors are looking at another session with the potential to be steered in the green as commercial banks lead the gains.
Steadily gathering momentum since the last few days, the benchmark KSE – 100 index finally crossed the 41,000 point mark in first half of today’s trading session. The last time the index crossed over to the higher side was two months ago, in the latter half of November 2018.
So far, the intraday high has logged in at 41,035 points, while a trade of 61 million shares has already taken place.
Sector-wise, commercial banks are alone in the lead with a contribution of 154 points to the index. The blue chips navigating the index until now are HBL (+1.89%), UBL (+2.2%) and BAHL (+1.94).
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